About:Energy closes pre-seed funding round.
OakNorth, S-Cube and Intercalation founders back university spinout About:Energy.
About:Energy, a spinout founded from battery research at Imperial College London and the University of Birmingham, has closed its pre-seed funding round thanks to investments from three notable technology experts. Rishi Khosla, co-founder and chief executive of OakNorth, Nikhil Shah, co-founder and chief executive of S-Cube, and Nicholas Yiu, founder of Intercalation Station, joined forces to complete the six-figure funding round, which will drive development of About:Energy’s proprietary software and database.
About:Energy uses data and software to accelerate and enhance the battery development of its customers across the battery manufacturing, automotive, and aerospace sectors. The company was set up at the tail end of 2021 by PhD students Gavin White from Imperial and Kieran O’Regan from Birmingham, together with Emma Kendrick from Birmingham’s Energy Materials Group; Greg Offer, Alastair Hales (now at the University of Bristol) and Yatish Patel from Imperial’s Electrochemical Science and Engineering Group; and Neil Morris, former CEO of The Faraday Institution.
Although About:Energy has only been trading for five months, it is already generating revenue, enabling it to expand to eight full-time employees. The pre-seed investment will be used to further scale up the business, adding both personnel and advanced hardware. About:Energy will start a seed investment round this October, with a view to closing in January 2023.